Corsair Capital Management L.P. Buys 11,426 Shares of Janus International Group, Inc. (NYSE:JBI)

Corsair Capital Management L.P. increased its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 2.0% during the 3rd quarter, Holdings Channel reports. The fund owned 576,182 shares of the company’s stock after acquiring an additional 11,426 shares during the period. Janus International Group comprises approximately 1.4% of Corsair Capital Management L.P.’s investment portfolio, making the stock its 19th largest position. Corsair Capital Management L.P.’s holdings in Janus International Group were worth $5,825,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in Janus International Group during the second quarter worth $60,000. Amalgamated Bank lifted its stake in shares of Janus International Group by 73.2% in the second quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock valued at $62,000 after buying an additional 2,074 shares in the last quarter. Quarry LP lifted its stake in shares of Janus International Group by 216.4% in the second quarter. Quarry LP now owns 6,527 shares of the company’s stock valued at $82,000 after buying an additional 4,464 shares in the last quarter. Comerica Bank lifted its stake in shares of Janus International Group by 78.8% in the first quarter. Comerica Bank now owns 6,721 shares of the company’s stock valued at $102,000 after buying an additional 2,962 shares in the last quarter. Finally, SkyView Investment Advisors LLC bought a new position in shares of Janus International Group in the second quarter valued at $126,000. 88.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Benchmark dropped their price objective on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Wolfe Research lowered shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. UBS Group dropped their price objective on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Jefferies Financial Group downgraded shares of Janus International Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $12.00 to $7.50 in a report on Monday, November 4th. Finally, KeyCorp lowered their target price on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Janus International Group has an average rating of “Hold” and a consensus target price of $10.25.

Janus International Group Stock Performance

Shares of JBI stock opened at $7.37 on Wednesday. The firm has a 50-day moving average of $8.95 and a 200-day moving average of $11.29. The company has a market cap of $1.04 billion, a P/E ratio of 10.24 and a beta of 0.92. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. Janus International Group, Inc. has a one year low of $6.68 and a one year high of $15.86.

Janus International Group (NYSE:JBI) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The company had revenue of $230.10 million for the quarter, compared to analysts’ expectations of $248.21 million. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The business’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Equities research analysts forecast that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Janus International Group Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.